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Spending on Clothing and Footwear Fell in December Amid Fed Shutdown

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

Personal spending on clothing and footwear dropped 2.3 percent, or $9.75 billion, in December to $418.75 billion compared to the previous month, according to the U.S. Bureau of Economic Analysis (BEA), which was on in line with similar reports on an unexpected decline in consumer consumption in the month. The BEA report released on Friday…

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